Error Triples Wallace Billing Amount

Wallace School District residents got a surprise in their property tax bills last month – a school bond payment that should have cost the average homeowner about $61 this year instead came out at $183. It was a mistake – the Idaho district had refinanced the 30-year bond that a decade ago built Wallace Junior-Senior High School, where 244 students now attend the 7 ^th through 12 ^th grade. That move two years ago was designed to save the local taxpayers money, not cost them more; all told, Superintendent Bob Ranells estimates it’ll save taxpayers $100,000 and also shorten the repayment period/ Betsy Russell , Eye on Boise. More here.